About Brock

Brock Bailey, managing partner of Bracewell's Dallas office, represents and counsels developers, borrowers, owners and lenders in the acquisition, development, financing and divestiture of large commercial and industrial projects. His experience in the real estate industry includes office, healthcare, hospitality, stadium development, industrial, multifamily, mixed use and retail real estate projects. He counsels clients on all aspects of real estate development, acquisition and construction finance, management, and infrastructure development, as well as construction, leasing, acquisition and disposition matters.

He routinely advises clients on the formation and dissolution of partnerships, joint ventures and corporations, and represents borrowers and lenders in a variety of secured and unsecured credit transactions, including project finance, letters of credit, working capital and restructuring financings.

Sources highlight his ‘excellent negotiating skills, understanding of what we want as a client and ability to communicate that to the other side.’

Owner/Developer — site acquisition and development of a new 250,000 square foot Class A office tower in the Preston Center area of Dallas, Texas

Mixed Use

Hilltop Holdings Inc. — Acquisition of an undivided interest for Hilltop in a six-story, 119,000-square-foot Class A commercial office building on a 1.7-acre tract in University Park, Texas. Hilltop made an approximately $24 million investment in the project, which consists of approximately $5 million for its stake in the building and approximately $19 million for its stake in the land with total building costs expected to be approximately $60 million. Hilltop and PlainsCapital Bank will lease approximately 68,000 square feet of corporate office space and will also open an approximately 4,000-square-foot PlainsCapital Bank branch on the building's first floor. Hilltop will occupy just over half of the building's rentable space and expects to move in during the fourth quarter of 2019.

Borrower — refinancing of a $205 million luxury mixed use (office and retail) project in the Uptown District of Dallas, Texas

Methodist Retirement Centers — development of senior living and assisting living facilities in San Antonio, College Station, Fort Worth, League City and Sugarland, Texas

Hospitality

Manchester Texas Financial Group — Representation of the owner/developer of a $390 million convention center hotel in Austin, Texas with respect to financing and construction matters. The property features over 1,000 guest rooms and suites and nearly 140,000 square feet of total meeting space.

City of Irving, Texas — ground lease, financing and development of a convention center headquarters hotel

City of Arlington, Texas — ground lease for new Major League Baseball stadium

Private equity fund — all aspects of the leveraged acquisition of a recently renovated luxury hotel in Annapolis, Maryland; including the negotiation of loan documents, equity documents, management agreement and franchise agreement

Private equity fund — all aspects of the leveraged acquisition of a historic luxury hotel in Denver, Colorado; including the negotiation of loan documents, equity documents, management agreement and franchise agreement